Sentences with phrase «many of those universal life insurance policies»

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

Protective Life offers several types of universal life insurance policies, including indexed universal life and variable universal life.

Great Southern was also one of the first companies in the United States to offer their clients the option of a universal life insurance policy.

This created a massive population of universal life insurance policy holders that are now stuck with under performing policies and faced with a decision on how to not go without coverage.

The strategy initially involves the purchase of a universal life insurance policy during your income earning years.

However, if and when the cash value of a universal life insurance policy reaches zero, the policy lapses.

Additionally, the cash value of a universal life insurance policy has an interest rate that's sensitive to current market interest rates.

There are three main types of universal life insurance policies:

An owner of a universal life insurance policy can generally take loans out against their policy, which will then be paid back with interest.

There are two general types of Universal Life Insurance policies.

As the second largest seller of universal life insurance policies in Texas, what type of insurer are they considered in the state of Texas?

Then there are other types of universal life insurance policies.

Additionally, the cash value of a universal life insurance policy has an interest rate that's sensitive to current market interest rates.

ABC insurance company is currently the second largest seller of universal life insurance policies in the state of Texas.

Learning about some of the key features and options of a universal life insurance policy will help you decide whether this is the right coverage for your situation.

There are several types of universal life insurance policies, including interest - sensitive (also known as «traditional fixed universal life insurance»), variable universal life (VUL), guaranteed death benefit, and has equity - indexed universal life insurance.

I don't know of any universal life insurance policies that don't come with an over loan protection rider.

In addition, the policyholder of a universal life insurance policy may also be able to decide how much of their premium dollars will go towards the death benefit, and how much will go towards the cash value component of the policy.

Cash in the cash component of a universal life insurance policy can be withdrawn for borrowing — and this can be done for any reason.

Now if you do need to buy a permanent life insurance protection there is only one type of a universal life insurance policy we recommend, known as a no lapse universal life.

Other than affordability, the primary advantage of a universal life insurance policy is the flexibility it provides.

The major advantage of the universal life insurance policy is the potential to not have to pay life insurance premiums for life, yet still be insured into your retirement.

The cash value inside of a universal life insurance policy is allowed to grow on a tax - deferred basis.

The interest rates on most of the universal life insurance policies are extremely conservative (2 - 3 %) and may not even account for inflation.

A form of a Universal Life Insurance policy, these policies allow for a potential cash build up.

The concept of the universal life insurance policy would be to have it for at least 10 - 15 years before you start to cash out or shift investments.

The exclusion is now over sixteen times this and many of those universal life insurance policies basically crashed and burned.

You can convert to any of their universal life insurance policies in the first 8 years of a 10 year term.

Your returns will depend on the type of universal life insurance policy you pick.

The strategy initially involves the purchase of a universal life insurance policy during your income earning years.

Other than term and whole life, Minnesota Life offers three types of universal life insurance policies.

Universal Life: There are three types of universal life insurance policies: guaranteed, indexed and variable.

Change of the death benefit type, for owners of universal life insurance policies, can also be made that will either include or exclude in the proceeds any accumulated cash value when the insured person dies.

Great Southern has also been one of the first companies in the usa to supply their clients a choice of a universal life insurance policy.

The key feature of a universal life insurance policy is flexibility.

What this means is during periods of rising interest rates, the cash value of your universal life insurance policy could increase rapidly.

Flexibility is the key asset of a universal life insurance policy (or «UL policy»).

Great Southern was also one of the first companies in the United States to offer their clients the option of a universal life insurance policy.

If the cash value ever reaches zero due to investment failures or withdrawal of cash by the policyholder, the policy is cancelled, so types of universal life insurance policies are less permanent than whole life insurance policies.

Unlike whole life insurance, the cost of a universal life insurance policy is not guaranteed.

The most dangerous part of a universal life insurance policy is the «cash value.»

If you receive a notice that the cost of your universal life insurance policy is increasing, or if the cash value in your policy is diminishing, we recommend purchasing a new policy as soon as possible.

There are different kinds of universal life insurance policies, so get different quotes and compare the benefits of each one.

The cost of universal life insurance policies rise as the insured gets older and these policies charge expensive fees.

In other words, the insurance company can increase the cost of your universal life insurance policy as you get older.

There is a lot of flexibility in the premiums of a universal life insurance policy.

According to Henry Montag of Financial Forums, Inc., the majority of universal life insurance policies sold in the past relied on a growth rate of 7 - 10 % to earn enough interest to keep their rates affordable.

Furthermore, if you don't withdraw the savings portion of your universal life insurance policy while you are still alive, the insurance company actually gets to keep it.

Some purchasers of universal life insurance policies have actually sued the insurance companies for being misled by their agents!